Lincoln Property Company and MGT Investment Management partner with Build to Rent operator Native Residential, who will provide operational management expertise on its first phase of Build to Rent homes at Station Hill, Reading. The two Build to Rent buildings – named Ebb&Flow – will be available from this summer.
MGT’s current focus covers both multifamily and single-family Build to Rent. The partnership brings together Native Residential’s UK operational expertise with Lincoln Property Company’s extensive experience developing and operating residential communities across Europe and the United States. The partnership will offer a different level of service-led amenities that the regional UK Build to Rent market is yet to see.
“It’s incredibly exciting to be appointed on the first phase of Station Hill. We look forward to working closely with the Lincoln Property Company and MGT teams to ensure the success of this major new Build to Rent destination.
“Native’s appointment recognises our track record in operating best-in-class living assets of scale in prominent urban locations where we pride ourselves on delivering exceptional service, consistent performance and comprehensive reporting for our clients.
“The Native team will ensure the creation of this new sustainable mixed-use community in the heart of Reading which has been designed and will be operated for performance over the long-term.”Alec Newton, Director of Origination, Native Residential
Securing a construction loan in late 2021, the Ebb&Flow scheme will deliver 598 new Build to Rent homes – a mix of one-, two- and three-bedroom apartments with enhanced floor-to-ceiling heights and contemporary bespoke furnishings.
Ebb&Flow will offer a range of benefits to residents – from inclusive co-working spaces, resident club lounges, private dining rooms and pocket parks, to bio-diverse roof terraces. The scheme will also include a range of independent and boutique ground floor convenience and leisure activities across the estate.
The Build to Rent scheme has achieved a Fitwell 3-star rating, a WiredScore platinum rating recognising its digital connectivity, and is the first residential development in England to achieve an Active Score Platinum rating – a recognition of the building’s sustainability and great cycle links.
Ebb&Flow is part of the £850m, mixed-use Station Hill regeneration project which is transforming Reading. The landmark project sets a new benchmark in sustainability, technology and community wellbeing. Located adjacent to Reading’s mainline and Elizabeth Line station, Station Hill is delivering a 2.5m sq ft district for Reading and is acting as the new gateway to the town centre and Thames Valley.
“We are delighted to welcome Native Residential as our local Build to Rent operating partner to ensure the vision for Station Hill becomes a reality.
“Ebb&Flow is a unique living proposition at a time when there is a surge in housing demand matched with a significant undersupply of professionally managed homes with a wide variety of amenities.
“This scheme fits in well with the wider Station Hill placemaking and the mix of uses is now coming alive. We look forward to growing the community for generations to come.”Alex Aitchison, UK Managing Director, Lincoln Property Company
The schemes name represents the geographic coming together of the River Thames and River Kennett, which has historically been of strategic and economic importance to the town and its people. The project has taken inspiration from the waterways in the landscaping design, with over two acres of public realm at Station Hill which will improve the town’s connectivity.